Petrol prices in New Delhi have been turning more volatile, as prices of crude oil have been showing a firm trend. It is important to check todays petrol price in New Delhi ₹ 74.16 (25th January 2020), especially if you are going for a long drive. Remember, petrol and diesel prices are revised daily, so you can lose much, if you are travelling on a long distance. The rupee has also moved lower against the dollar, which has made petrol prices in New Delhi more expensive than before. It is hoped that the government can reduce excise duties, so as to enable rates to become more cheaper in the coming days.
|Jan 24, 2020||₹ 74.43||₹ -0.22|
|Jan 23, 2020||₹ 74.65||₹ -0.17|
|Jan 22, 2020||₹ 74.82||₹ 0.00|
|Jan 21, 2020||₹ 74.82||₹ -0.16|
|Jan 20, 2020||₹ 74.98||₹ -0.11|
|Jan 19, 2020||₹ 75.09||₹ -0.17|
|Jan 18, 2020||₹ 75.26||₹ -0.15|
|Jan 17, 2020||₹ 75.41||₹ -0.14|
|Jan 16, 2020||₹ 75.55||₹ -0.15|
|Jan 15, 2020||₹ 75.70||₹ 0.00|
|Highest rate in January||Rs.76.01 on January 11th|
|Lowest Rate in January||Rs.74.16 on January 25th|
|Over all performance||Falling|
|Highest rate in December||Rs.75.14 on December 31st|
|Lowest Rate in December||Rs.74.63 on December 17th|
|Over all performance||Rising|
|Highest rate in November||Rs.74.86 on November 30th|
|Lowest Rate in November||Rs.72.60 on November 5th|
|Over all performance||Rising|
|Highest rate in October||Rs.74.61 on October 1st|
|Lowest Rate in October||Rs.72.92 on October 29th|
|Over all performance||Falling|
|Highest rate in September||Rs.74.42 on September 30th|
|Lowest Rate in September||Rs.71.71 on September 8th|
|Over all performance||Rising|
|Highest rate in August||Rs.72.80 on August 1st|
|Lowest Rate in August||Rs.71.84 on August 19th|
|Over all performance||Falling|
|Highest rate in July||Rs.73.41 on July 23rd|
|Lowest Rate in July||Rs.70.44 on July 1st|
|Over all performance||Rising|
Petrol prices in Delhi are now changing everyday, as against every 15 days before. We are providing daily petrol price rates, so you can check the same on goodreturns.in
The advantage of doing that is you know when to fill petrol and make maximum use of falling petrol prices. In any case Delhi petrol rates are much lower then some of the other cities in India. It also sets the trend for an increase or decrease in rates in various other cities of India. The rates would be largely determined by the largest oil marketing companies in India, that is Indian Oil, Bharat Petrolem and Hindustan Petroleum. You would do well to check the rates given the fact that if you fill same about 30 to 40 litres petrol you could tend to lose a lot. Now that petrol prices in Delhi have been dergulated like many other cities in the country.
Petrol rates in Delhi largely depend on how international prices of crude oil move. It is largely linked to international crude prices, which trade abroad. There is also an India crude basket, which largely determines the prices of Petrol in Delhi. It is always advisable to check the petrol prices, if you are planning to fill your automobile to the brim. A small change in rates can be mean a lot when you have larger volumes of diesel or petrol to fill. Diesel prices in Delhi also more or less move in a smilar way.
Lately, we have been seeing an increasing trend of petrol prices rallying in several cities. In fact, in places like Delhi they have now hit the Rs 72 per litre mark. This has happened as international prices of crude have gone higher and there is every possibility that there could be a further increase in prices.
The government has in the past cut the excise on petrol to make-up for the huge gains seen in the prices of petrol. However, any such cuts in the excise tends to impact the government's fiscal deficit.
If the trend of an increase in Delhi prices of petrol today continues, we may soon realize that rates have now hit a three year high and this is not good news for any government.
An urgent cut in the prices of the fuel is needed to be implemented by the government at the earliest.
Todays petrol prices in New Delhi are a result of a host of a factors that influence rates.
Among these include world prices of the fuel. At the moment Brent Crude prices are trading at $64. When these prices go higher, the India crude basket goes higher, which in turn alters the daily price of petrol in Delhi. A similar thing can be seen as far as diesel is concerned.
It is hence a good idea to check prices of the fuel before leaving your home. For the last few days there has been a declining trend at the retail level. Once petrol and diesel prices are bought under the ambit of the Goods and Services Tax, we may see these prices declining in the coming days. In the meantime, we would have to continue to pay the desired sum and wait for a fall in todays petrol rates in New Delhi.
Fuel rates in India depend on a host of things. Petrol prices in Delhi today depend on the India crude basket, transportation costs, value added taxes and excise duty levied by the government.
The fuel costs in the city are pretty high, though they are way lesser than what Mumbai charges. The city has one of the highest value added taxes, which has pushed petrol prices higher.
In India, when excise by the government is hiked, petrol prices in Delhi tend to increase. At the moment, excise is slightly more than Rs 21. The local government also tends to tinker with the value added tax, which tends to inflate the fuel rates.
The currency also plays a big role, in pushing the price of petrol and diesel either way. If rates tend to move in one direction heavily, the government can cut or hike rates accordingly.
Overall, it is likely that we will see sharp cuts in the prices of the fuel in the coming days. International prices have the biggest bearing and any drop in these tend to help rates cuts. Movement of the rupee against the dollar also tends to impact petrol and diesel prices accordingly.
So, for calculation of todays petrol price in Delhi one has to taken into account, excise, value added tax, India crude basket and currency movement.
The petrol prices in New Delhi inched down following global trends as an outbreak of coronavirus in China claims 26 lives resulting in the shutdown of public transport in 10 Chinese cities.
The petrol rates in New Delhi was recorded at Rs 74.43 per litre, down by 22 paise.
In the overseas markets, Brent was spotted trading at $61.05 per barrel, down by 0.38% and West Texas Intermediate (WTI) was at $55.46 per barrel, down by 0.23%.
The deadly outbreak of coronavirus has resulted in the death of 26 people and more than 800 infected cases, the Chinese government has decided to suspend the public transport in 10 cities apart from shutting down temples ahead of the Lunar New Year celebrations which will kick start this weekend. Chinese authorities fear that the upcoming Lunar New Year is likely to accelerate the rate of infection as most of the people travel back home to be with their family to celebrate the occasion.
China which holds the tag of second-largest oil consumer in the globe, with a slowdown in travel, the likely demand for oil will take a hit which has, in turn, weighed on its prices in the global markets.
The OPEC and its member group’s decision to go for a deeper cut in fuel output beginning from January 1, 2020, by 500,000 barrels per day (bpd) in addition to the existing 1.2 million bpd which was in force since January 1, 2019, will expire by the end of March 2020.24 January 2020
The petrol prices in New Delhi inched down following global trends as a surprise rise in the U.S. crude inventories has led to the fall in the global crude rates. The petrol rates in New Delhi were recorded at Rs 74.65 per litre, down by 17 paise.
In the global markets, Brent was seen trading at $62.16 per barrel, down by 1.66% and West Texas Intermediate (WTI) was at $55.65 per barrel, down by 1.92%.
The unexpected rise in the crude inventories in the United States of America has eased the fuel prices in the global markets. As per the data released by the American Petroleum Institute, the U.S. crude oil stocks marched up the most during the week. Apart from this the distillate inventories and gasoline also expanded. The crude inventories in the U.S. surged up by 1.6 million barrels during the week to January 17 to settle at 433 million barrels as against the analyst's expectations of production of 1 million barrels.
The data further revealed that the distillate fuel inventories which included diesel and heating oil climbed up by 3.5 million barrels as against the market expectations of a fall of 1 million barrel.
Meanwhile, the Indian rupee opened marginally lower at 71.21 per dollar during today’s trade session.23 January 2020
The petrol prices in New Delhi remained flat despite inching down of global crude rates amidst a market surplus forecast by IEA. The petrol rates in New Delhi stood at Rs 74.82 per litre.
In the global scenario, Brent was seen trading at $64.31 per barrel, down by 0.43% and West Texas Intermediate (WTI) was at $58.05 per barrel, down by 0.57%.
The ongoing tensions in Libya have resulted in the slashing of crude output production in the country. The National Oil Corp of Libya has declared a force majeure on the loading of crude from two of the major oil fields following the latest development in the long-running military conflict. Until and unless the oil facilities quickly get back to production, the country’s oil production will come down to 72,000 barrels per day (bpd) from 1.2 million bpd.
Meanwhile, the International Energy Agency (IEA) expects a market surplus of oil in the first half of 2020 and this has eased the fuel prices in the global markets. IEA’s head Fatih Birol said that he expects the oil markets to be in surplus by a million barrels per day (bpd) for the first half of 2020.
The U.S. Energy Information Administration (EIA) said that the U.S. crude production in large shale deposits is expected to hit a record high during February, though the pace of expansion is likely to be the lowest in about a year.22 January 2020
The petrol prices in New Delhi slid marginally following cues from the global markets as supply risk concerns fade. The petrol rates in New Delhi was seen trading at Rs 74.82 per litre, down by 16 paise.
In the global markets, Brent was seen trading at $64.65 per barrel, down by 0.84% and West Texas Intermediate (WTI) was at $58.24 per barrel, down by 0.58%.
On Sunday, two major oilfields in Libya begun a shutdown owing to political tensions in the nation which resulted in reducing the crude production to a fraction of its usual level said the country’s National Oil Corp (NOC).
In Iraq, the anti-government protest has also supported the fuel prices to inch up in the global markets, but later officials clarified that the production in the southern oilfields has continued without affecting the fuel supply, which has helped to ease prices in the global platform.
Any kind of supply disruptions of oil will directly impact its prices in the global markets as most of the developing nations depend on oil imports to meet their domestic requirements.
Meanwhile, the rupee value was seen trading at 71.19 against the U.S. dollar during today’s trading session.21 January 2020
The petrol prices in New Delhi inched down despite a rise in global crude rates as Libya witnessed shutdown in its oil pipeline. The petrol rates in New Delhi was recorded at Rs 74.98 per litre, down by 11 paise.
In the international markets, the Brent was seen trading at $65.65 per barrel, up by 1.23% and West Texas Intermediate (WTI) was seen trading at $59.20 per barrel, up by 1.06%.
The ongoing tensions in Libya have resulted in the shutdown of two of the big oilfields on Sunday owing to tensions between the two rival parties who have claimed their right to rule the country for more than 5 years. In a statement issued to the public, the National Oil Corporation (NOC) said that two big oilfields located in the southwest had begun shutdown after forces which are seen to be loyal to Libya’s National Army sealed the pipeline.
As per the records, Libya has been producing close to 1.2 million barrels per day (bpd) of oil, till recently.
The OPEC members group recently decided to go in for a deeper cuts in crude supply to support its prices and with effect from January 1, 2020, it has put in place an additional cut of 500,000 barrels per day (bpd) of oil supply along with the existing cut of 1.2 million bpd which is in place since January 1, 2019.
Meanwhile, the rupee value traded flat at 71.08 per U.S. dollar owing to selling seen in the domestic stock markets.20 January 2020
The petrol rates in New Delhi was cut despite firmer crude rates in the international markets as doubt casts over the future of crude demand following weak economic data of China. The petrol prices in New Delhi was seen at Rs 75.26 per litre, down by 15 paise.
In the international markets, Brent futures were seen at $64.85 per barrel and West Texas Intermediate (WTI) futures was at $58.54 per barrel.
The slow growth of Beijing’s economy has indeed left a question mark on the future of crude demand despite the recent signing of the trade settlement agreement between the United States of America and China, this Wednesday.
As per the government reports, the Chinese economy expanded by 6.1% for fiscal 2019, which marks its slowest growth so far for over 29 years.
China is considered as the biggest consumer of fuel in the globe. The settlement of trade dispute had renewed hopes of upliftment of crude demand which had witnessed a contraction for over 18 long months owing to an ugly trade war which wounded global financial markets, creating fear amongst investors community.
Despite weak economic growth, the surge in the fuel demand in Beijing as seen in the refinery throughput figures has helped to keep the hopes alive on the rise in the outlook for crude demand in the coming months.18 January 2020
The petrol prices in New Delhi inched down following global trends as China reports weak economic data for 2019. The petrol rates in New Delhi today traded at Rs 75.41 per litre, down by 14 paise.
In the global scenario, Brent was seen trading at $64.61 per barrel, down by 0.02% and West Texas Intermediate (WTI) was at $58.49 per barrel, down by 0.05%.
The weakening economy of Beijing, which is considered as one of the biggest consumers of fuel in the world has raised concerns over the future of fuel demand which has weighed on its priced during today’s trade session. China reported fourth quarter and fiscal 2019 results and announced that for the fourth quarter, the growth factor expanded by 6% from a year earlier, whereas for the full – the year of 2019, the expansion was 6.1%, marking the slowest growth in the past 29 years as per the government data.
Analysts note that mounting downward economic pressure has limited the oil’s demand in the mid to long term session.
Yesterday, the fuel prices rose over-optimism of a trade deal between the U.S. and China which inked the Phase One trade agreement in Washington. The mood received a further boost after the U.S. Senate approved for changes in the U.S. - Mexico – Canada Free Trade Agreement.17 January 2020
The petrol prices in Delhi declined despite inching up in the international markets after the U.S. and China sign the much-awaited trade settlement deal. The petrol rates in Delhi was seen trading at Rs 75.55 per litre, down by 15 paise.
In the international markets, Brent was seen trading at $64.50 per barrel, up by 0.76% and West Texas Intermediate (WTI) was at $58.27 per barrel, up by 0.80%.
The truce agreement between the two major economies has finally been reached after the U.S. President – Donald Trump and Chinese Vice Premier - Liu He, inked on the Phase One Trade Deal in White House, yesterday ending the tit for a tat trade war which led to the slow down of the global economy over the last one and half year.
Added to this, a bigger than expected fall in the U.S. crude inventories has also weighed on the fuel prices to gain in the overseas markets. As per the data from the Energy Information Administration (EIA), the U.S. crude inventories declined by 2.5 million barrels as against the analyst’s expectations of a fall of 500,000 barrels.
Meanwhile, the domestic Indian rupee opened a bit higher at 70.79 against the U.S. dollar compared to its previous close of 70.82 owing to the signing of the trade agreement which is expected to push for the global economic growth.16 January 2020
The petrol rates in New Delhi was cut despite inching up in the overseas markets ahead of the signing of a trade deal between the U.S. and China. The petrol prices in New Delhi today was seen trading at Rs 75.70 per litre, down by 10 paise.
In the international markets, Brent was trading at $64.28 per barrel, up by 0.12% and West Texas Intermediate (WTI) was at $58.11 per barrel, up by 0.05%.
The fuel prices inched up slightly as it secured support from the trade deal agreement which will be signed between the U.S. and China tomorrow, in White House. The 18 – long month trade war created havoc in the global financial markets and led to the slow down of the economic growth of most of the developing countries across the globe.
The resolution of the trade deal has supported the stock markets to surge up over the past few days. The waning tensions in the Middle East region have also attributed to the positive growth of equities markets, cheering the investor community at large.
A Reuters poll showed on Monday, that the U.S. Crude oil inventories are likely to fall this week, which again weighed on today’s fuel prices.
Meanwhile, the rupee value opened higher at 70.73, up by 13 paise against the U.S. dollar today after some selling in American currency by exporters and banks.14 January 2020
The petrol prices in New Delhi slid marginally following global trends wherein the fuel prices declined following waning tensions between the U.S. and Iran over the recent attacks. The petrol rates in New Delhi today stood at Rs 75.80 per litre, down by 10 paise.
In the international scenario, Brent was seen trading at $65.04 per barrel and West Texas Intermediate (WTI) was at $59.15 per barrel.
The erasing signs of conflict between the United States of America and Iran have supported the oil prices to decline in the global markets as investors focus is towards the settlement of trade agreement between the U.S. and China which will be signed on January 15, 2020.
The killing of the Iranian military commander by the U.S. drone strike and swift retaliation by the Tehran’s military with missiles had supported the fuel prices to surge up, but the following steps taken by both the countries to ease the tension has helped the prices to return to normalcy.
Middle East region has the richest source of oil and most of the nations across the globe depend on oil exports from this region to meet their domestic requirements. Any kind of political, economic tensions in this region will support the fuel prices to march up.
Meanwhile, the rupee continued to strengthen against the dollar and opened at 70.79 today as against the previous close of 70.94.13 January 2020